All the headlines from our London Topic Page, ordered by recency.
Sep 2 2015 // ACE Group announced six appointments to its ACE Global Markets (AGM) and ACE Overseas General (AOG) energy teams. All appointments are based in London and are effective immediately.Matthew Hardy has been appointed product...
Aug 28 2015 // A consortium, consisting of pension funds and other long-term investors represented by Allianz, Amber Infrastructure Group, Dalmore Capital and DIF, will invest up to £1.275 billion ($1.9 billion) in London’s...
Aug 26 2015 // UK bonus payments rose in the past year and are now just 0.1 percent below their peak before the financial crisis in 2008, according to new data from the statistics office.Surprisingly, the increase wasn’t driven by...
Aug 26 2015 // The insurance brokerage and risk management firm Integro Ltd. has acquired Entertainment Risk Management Ltd. (ERM), a London-based managing general agent (MGA), to augment its international entertainment practice....
Aug 26 2015 // Zurich Insurance Group AG’s announcement that it’s considering a 5.6 billion-pound ($8.8 billion) offer for RSA Insurance Group plc is leaving investors in doubt that the takeover will happen at that price.RSA...
Aug 25 2015 // Zurich Insurance Group AG, Switzerland’s largest insurer, proposed to buy the UK’s RSA Insurance Group plc for about 5.6 billion pounds ($8.8 billion).RSA is willing to recommend the possible offer of 550 pence...
Aug 24 2015 // This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions of dollars of trades by U.S. banks had seemingly vanished.“We saw strange things in...
Aug 24 2015 // Amlin plc Chief Executive Officer Charles Philipps damped speculation that the Lloyd’s of London insurer is looking for a buyer, saying the firm is strong enough to remain independent.“We are not for sale, we...
Aug 21 2015 // Shariah-compliant managing general agent Cobalt Underwriting has been selected as the insurer of preference for the proposed London Paramount Entertainment Resort in Kent, England.Valued at £3 billion ($4.6 billion), the...
Aug 10 2015 // Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the promotion of Steven Tebbutt to global practice leader, political violence and aviation war.Tebbutt has been instrumental in...
Aug 6 2015 // Europe’s push to promote asset-backed securities (ABS) hinges on persuading insurers to buy the debt by easing capital requirements, investors and analysts said.European Union and global regulators recently proposed...
Aug 6 2015 // Underwriter Martin King has been appointed to help expand AEGIS London’s professional indemnity (PI) capabilities and product offering.King joins from Novae, where he was unit head for PI and directors &...
Jul 30 2015 // Lloyd’s has announced that it intends to apply for an onshore reinsurance license in Malaysia. The move has been confirmed by the UK and Malaysian governments.The announcement that Lloyd’s will apply for a...
Jul 30 2015 // Lancashire Holdings Ltd. Chief Executive Officer Alex Maloney dismissed suggestions the insurer would be better off combining with a larger competitor.“I don’t really buy the bigger is better thing,”...
Jul 29 2015 // Marsh & McLennan Cos., the largest insurance broker by market value, is seeking ways to cut tax obligations as rivals shift to Europe, where rates are lower.“The search for tax efficiency for us started several...
Jul 28 2015 // As he prepared to sign a Statement of Intent (SOI) between the British Government, the Monetary Authority of Singapore and Lloyd’s in Singapore, UK Prime Minister David Cameron stressed that insurance is essential to...
Jul 27 2015 // UK regulators need to widen stress tests for insurers to show how the whole industry, including themselves, would respond to an event on the scale of the 9/11 attacks, Hiscox Ltd. said.Unless the Prudential Regulation...
Jul 23 2015 // London is importing climate-related risks through investments, insurers and supply chains, according to a new report that details dangers posed to the UK capital by global warming beyond the physical effects.More than half...
Jul 22 2015 // A coordinated, international approach to the regulation of aviation drones is essential for the technology to thrive, said the International Underwriting Association (IUA), which represents wholesale re/insurance companies...
Jul 20 2015 // A sweeping global reform of tax systems is under way and will have profound implications for the insurance industry, the London-based International Underwriting Association has warned.Responding to public concerns about...